How the US Push for Vehicle Electrification May Favor Some Automakers While Squeezing Others

August 19, 2021 09:30:19

President Joe Biden will probably go down in history as an instrumental figure in the growth of America’s electric vehicle (“EV”) industry and the fight against runaway climate change. Biden, who took office this year, quickly unveiled a gargantuan infrastructure bill that would dedicate billions of dollars toward developing an extensive network of public electric vehicle charging stations.

With green, renewable energy and zero-emission vehicles being a major part of his agenda, Biden recently signed an executive order requiring that 50% of the vehicles sold in America must be electric by 2030. The Biden administration’s green-energy strategy would first restore and strengthen the mileage standards that were present during former…

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